Markets

Lowe’s is laying off thousands of workers

The layoffs come as the company closed more than 50 stores under new CEO Marvin Ellison, who has been overhauling the company's operations, including the outfitting of employees with new technology to make the customer experience more appealing as Lowe's continues its battle with rival Home Depot. [Full Article...]

Facebook owns Instagram and WhatsApp and plans to make that obvious

Facebook owns Instagram and WhatsApp and plans to make that obvious You know what has so far been missing from WhatsApp and Instagram? Company data scientists warned Zuckerberg past year that unless something was done to reverse the trend of users turning to Instagram and WhatsApp to post and message, the user-drain could reach a " tipping point " and send Facebook into a downward spiral from which there would be no recovery. [Full Article...]

Audi e-tron 50 revealed

Audi e-tron 50 revealed A product of the carbon-neutral Audi Brussels plant, the e-tron 50 quattro combines a high level of efficiency with strong and instantly accessible performance. An optional connect charging system will also be available, adding functions such as off-peak charging, allowing drivers to benefit from variable electricity rates by charging at more affordable times. [Full Article...]

BA-owner IAG Q2 profit ahead on strong revenue

BA-owner IAG Q2 profit ahead on strong revenue British Airways owner IAG said it expected annual operating profit to be flat year-on-year after reporting a rise in profits in the second quarter as an uptick in passenger revenue offset higher fuel costs. Pre-tax profits fell to €1bn from €1.6bn. The union has rejected an offer of an 11.5 percent pay increase over three years, an offer that has been recommended by other unions that represent... [Full Article...]

British Airways pilots set to strike as Court of Appeal rejects injunction

British Airways pilots set to strike as Court of Appeal rejects injunction The airline has offered the workforce a pay rise of 11.5 per cent over three years, which the airline says is 'well above the rate of inflation.' The union, on the other hand, disagrees. Social media users today showed their fury after the announcement, with some asking if they would get a full refund if the strike was to go ahead. Mr Strutton said he was "very positive" going into the talks at ... [Full Article...]

Amazon Dash buttons get chucked on the scrap heap this month

Amazon Dash buttons get chucked on the scrap heap this month The internet-connected buttons, sold at $4.99 each, would automatically order more detergent or paper towels with a simple push. As CNET reports , Amazon chose to stop supporting physical Dash Buttons completely because usage "has significantly slowed" ever since they were discontinued in February. [Full Article...]

Mark Carney warns of instant shock from no-deal Brexit

Mark Carney warns of instant shock from no-deal Brexit The UK economic outlook will continue to hinge on the nature of European Union withdrawal and the appropriate path for monetary policy will depend on the balance of its effects on demand, supply and the exchange rate. The bank has previously warned that a worst-case rupture could see the British economy shrink by 8 per cent in a matter of months after Brexit, though it has since indicated that bet... [Full Article...]

Statistics Canada reports $136m trade surplus in June, imports, exports down

The federal agency reported Friday that the narrow surplus in June represented 0.1 per cent of total monthly merchandise trade and is within the typical margins for revisions to the trade balance in subsequent months. On a quarterly basis, export volumes - the variable that goes into calculations of real growth - rose 4.1 per cenbt, the most since mid-2014, when global prices started a major decli... [Full Article...]


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